12 Best EV Charging Stocks to Buy According to Hedge Funds

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5. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 21

Firefly, a sub-brand of NIO Inc. (NYSE:NIO), has teamed up with HERE Technologies to incorporate innovative location services and superior map data into its intelligent electric cars. Firefly promises to enhance connected navigation, driver assistance systems, and conformity to EU Intelligent Speed Assistance rules by integrating HERE’s global maps and real-time traffic updates. Furthermore, the integration makes use of HERE and Telenav ‘s partnership for in-car navigation.

Chris Chen, VP of NIO Inc. (NYSE:NIO) Global Business Development, stressed the need for HERE’s global experience in satisfying international safety requirements as Firefly develops in Europe. Firefly was created for urban transportation to make high-end EV features more widely available.

NIO Inc. (NYSE:NIO) displayed its explosive expansion in Q1 2025 by delivering over 42,094 vehicles, a 40.1% increase year over year. Deon Newman, SVP of HERE, pointed out the company’s commitment to providing Chinese EV brands with AI-powered location technology as they expand abroad, notably in Europe.

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